WASHINGTON – House Republicans are focusing squarely on tax cuts rather than deficit discipline as they look to shoehorn a GOP budget plan through the House. Continue Reading Below Passage of the $4 trillion budget measure on Thursday would pave the way for Republicans controlling Washington to pass a 10-year, […]
FOX Business News
Asia shares drift after US fall, before Europe bank meeting
HONG KONG – Asian shares were drifting Thursday as Wall Street’s retreat from recent record highs and a widely awaited European Central Bank meeting gave investors reason to pause. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index edged 0.1 percent higher to 21,731.52 while South Korea’s Kospi dipped […]
Barclays third-quarter profit rises
Barclays on Thursday announced an increase in third-quarter net profit, helped by a fall in conduct and operating costs. Continue Reading Below The British bank said revenue in the quarter was down 5% to GBP5.17 billion ($6.9 billion) compared to a year ago, as bond trading revenues slumped. Net-profit rose […]
Nokia net loss widens amid weak networks market
Nokia on Thursday reported a widened third-quarter net loss, missing expectations, as the company warned that the mobile networks market would fall more than previously expected this year. Continue Reading Below The Finnish telecommunications company said the net loss for the three-month period ended Sept. 30 was 183 million euros […]
Cost cuts, lower legal expenses boost Deutsche Bank profit
FRANKFURT, Germany – Deutsche Bank said Thursday that net income for the third quarter more than doubled as the bank cuts costs, and works past fines and settlements stemming from past misconduct. Continue Reading Below Net income hose risen to 649 million euros ($766 million) from 278 million a year […]
Kansas community fights becoming a ‘chicken town’ and wins
TONGANOXIE, Kan. – When Shannon Reischman takes in the sweeping view from the big hill behind her in-laws’ farmhouse outside the northeastern Kansas town of Tonganoxie, she sees a rural oasis that’s an easy commute to Kansas City-area jobs. Continue Reading Below Tyson Foods Inc. looked at the bedroom community […]
Senate expected to pass bipartisan ‘historic’ budget deal
HARTFORD, Conn. – A long-awaited, bipartisan compromise state budget agreement — repeatedly dubbed historic — was expected to pass the Connecticut Senate early Thursday morning with strong support, possibly ending a monthslong budget impasse. Continue Reading Below Both Democratic and Republican senators praised the two-year plan crafted by legislative leaders. […]
Why Alaska Air Group Stock Crashed on Wednesday
What happened Continue Reading Below Shares of Alaska Air Group (NYSE: ALK) collapsed on Wednesday, falling as much as 14.2% after the airline reported third-quarter earnings. Alaska Air’s profit missed analyst estimates by only a penny, coming in at $2.24 per share, adjusted for one-time items, versus analyst expectations of […]
U.S. oil prices extend decline on crude inventory build
U.S. oil prices extended declines on Thursday after government data showed a surprise climb in U.S. crude inventories. Continue Reading Below NYMEX crude for December delivery was down 2 cents at $52.16 a barrel by 0107 GMT, after ending the last session down 29 cents, or 0.6 percent. London Brent […]
Weinstein Co. targeted in new claims of sexual misconduct
NEW YORK – Attorney Gloria Allred on Wednesday pressed The Weinstein Co. to create a “substantial” fund to pay out settlements to alleged victims of the film’s company’s former co-chairman Harvey Weinstein. Continue Reading Below Allred, in her second press conference in two days, revealed the latest woman — actress […]